Trump Tariffs Net Almost $50B in Customs Revenues

Nearly $50 billion in extra customs revenues have been collected through President Donald Trump’s tariffs after only two trading partners, China and Canada, fought back.

According to data published by the U.S. Treasury, revenues from customs duties reached $64 billion in the second quarter of this year, or $47 billion more than the same period last year, reports Financial Times on Wednesday. 

China has imposed the most significant tariffs on American imports, but overall income from customs duties only amounted to 1.9% higher in May 2025 than a year ago. 

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